Brief: Damstra Holdings Says Damstra Receives Indicative Proposals And Grants Exclusivity

Damstra Holdings

25/10/2023 02:17

Oct 25 (Reuters) - Damstra Holdings Ltd  DTC.AX :
    * DAMSTRA RECEIVES INDICATIVE PROPOSALS AND GRANTS
EXCLUSIVITY
    * RECEIVED CONDITIONAL, NON-BINDING, INDICATIVE PROPOSALS
FROM
MULTIPLE PARTIES TO ACQUIRE 100% OF DAMSTRA'S SHARES
    * IS NO CERTAINTY THAT ANY BINDING TRANSACTION WILL PROCEED
OR
EVENTUATE
    * BOARD HAS AGREED TO GRANT ONE OF INTERESTED PARTIES
OPPORTUNITY
TO CONDUCT DUE DILIGENCE FOR FOUR WEEKS ON AN EXCLUSIVE BASIS
    * EXCLUSIVITY GRANTED ON BASIS OF INDICATIVE OFFER PRICE OF
30 AU
CENTS PER DAMSTRA SHARE
    * EXCLUSIVITY HAS BEEN GRANTED TO ONE OF THE INTERESTED
PARTIES

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